Nebius Group (NASDAQ:NBIS - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at BWS Financial in a report released on Wednesday,Benzinga reports. They presently have a $60.00 target price on the stock. BWS Financial's price target indicates a potential upside of 46.92% from the stock's previous close.
NBIS has been the topic of several other reports. DA Davidson increased their price objective on Nebius Group from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Monday. Northland Securities assumed coverage on Nebius Group in a research report on Tuesday, May 6th. They issued an "outperform" rating and a $34.00 price objective for the company. Finally, Northland Capmk raised Nebius Group to a "strong-buy" rating in a report on Tuesday, May 6th.
Read Our Latest Stock Analysis on NBIS
Nebius Group Stock Performance
NASDAQ:NBIS opened at $40.84 on Wednesday. Nebius Group has a fifty-two week low of $14.09 and a fifty-two week high of $50.87. The company has a fifty day moving average of $25.62 and a two-hundred day moving average of $28.78. The stock has a market capitalization of $9.63 billion, a PE ratio of -71.89 and a beta of 3.11.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in shares of Nebius Group in the 1st quarter valued at about $152,000. Fifth Third Bancorp bought a new position in Nebius Group in the 1st quarter worth about $130,000. Exchange Traded Concepts LLC bought a new stake in Nebius Group during the 1st quarter valued at $2,621,000. Elevation Point Wealth Partners LLC bought a new position in shares of Nebius Group in the first quarter worth $324,000. Finally, SG Americas Securities LLC bought a new stake in shares of Nebius Group during the first quarter valued at about $3,415,000. 21.90% of the stock is owned by institutional investors and hedge funds.
Nebius Group Company Profile
(
Get Free Report)
Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.
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